Randal Nardone became the Chief Executive Officer of Fortress Investment Group in August 2013. He co-founded the company in 1998 an was the head of the Fortress Credit Corporation. Fortress Investment Group is a private limited company that manages credit funds, liquid hedge funds and alternative assets in equity. Randal Nardone has been part of the management team at the company since 1998, and in November 2006 he was appointed to the board of directors.
He attended Boston University School of Law and was awarded a Doctor of Jurisprudence. He also went to the University of Connecticut where he studied Biology and English and attained a Bachelor of Arts degree. He started out his law career at a firm called Thacher Proffitt and Wood where he was a partner. He also worked at BlackRock Financial and was a managing director at Union Bank of Switzerland. When he met Wes Edens, Randal Nardone utilized his experience of working in the finance field to co-found Fortress Investment Group with him. Throughout his blissful career, he has found a way to merge finance with law and has provided substantial and satisfactory financial services to firms all over the world.
At Fortress Investment Group he wears several hats. He has served as the Interim CEO, director and principal at the investment management firm. Randal Nardone has used this positions to formulate, implement and monitor strategies that have greatly profited the company. As the chief operating officer, he is in charge of the financial and legal matters of the company, where he has demonstrated high levels of professionalism in guiding the company investment decisions hence expanding their success.
Forbes ranks Randal Nardone as number 557 on the billionaire list with a net worth of $1.8 billion. He became a billionaire when he works at Fortress Investment group together with his four partners in the group. He owns 53 million shares worth $1.6 billion. Randal Nardone has several board memberships. He is the Principal and Director of Fortress Credit Corporation, the President and Chairman of Springleaf Financial Holdings, in addition to being a non-executive director at Alea Group Holdings since 2007. Randal has made a positive impact on people from different backgrounds and built domestic and international relationships like in the Middle East and Asia expanding the company to new horizons. People who have worked with him attest that he is committed and passionate when it comes to his work.